Middlemen have halted Russian oil cargo offers after US sanctions, says Bharat Petroleum

Middlemen supplying Russian oil have halted offers due to new U.S. sanctions against Russian producers, tankers, and insurers, affecting Indian refiners like Bharat Petroleum. This disruption has led these refiners to explore alternatives such as Abu Dhabi’s Murban grade and potentially U.S. oil, with tenders already floated to cover the shortfall.

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